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Panama Canal Sees Record $5.3 Million Bid for Priority Passage Amid El Niño Drought
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Panama Canal Sees Record $5.3 Million Bid for Priority Passage Amid El Niño Drought

A South Korean company paid a record $5.3 million at auction for priority passage through the Panama Canal. The canal is limiting ship traffic due to low water levels caused by the El Niño phenomenon.

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